3M To Beat Q1 Earnings (MMM, rated BUY)
Posted on April 22, 2009 at 13:19 PM EDT
The industrial sector is performing stronger than expected in Q1 with CAT turning in nice Q1 results yesterday, also stating that MARCH was a GOOD month. Some of 3Ms worst plants are beating their individual (per-plant) targets by 20$ Mil. Should make for an interesting earnings season with a target price around $65, with major resistance a little above that.
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